Mortgages
Post Office cuts mortgage rates
The Post Office has cut the introductory rates across its range of mortgages for both fixed rate and tracker products, with immediate effect.
Legal & General launches new 2 year fixed rate mortgages
On 22 January, Legal & General Mortgage Club will be launching three exclusive fixed rate mortgage products, provided by Accord Mortgages.
CCCS launches Equity Release to help older debtors
Older debtors can now receive direct help from the Consumer Credit Counselling Service (CCCS), the UK's leading debt charity, which is launching a new subsidiary offering equity release without fees to clients in need.
Skipton increases mortgage Standard Variable Rate
It is responding to the exceptional market conditions that have seen the Bank of England base rate remain at an historic, 315 year low of 0.5% since March 2009 and unusually expensive retail funding (relative to mortgage rates) driven by unprecedented competition and distorted markets.
Gross mortgage lending up 14% in December
Gross mortgage lending reached an estimated £13.7 billion in December, a 14% rise from £12.1 billion in November and up 3% on December 2008, according to the Council of Mortgage Lenders.
Woolwich cuts mortgage lifetime tracker rates
In its sixth rate reduction in a row, Woolwich is tomorrow [Wednesday 20th January] reducing rates on its tracker range by up to 0.20 percentage points.
Santander launches no balance transfer fee offer
Santander has announced the latest initiative to reward existing customers, following the launch of the Zero Current Account and the announcement that adult bank account customers will now benefit from fee free cash withdrawals from all of Santander's 4,300 ATMs in Spain.
Number of mortgage products increases
A mortgage milestone was passed last week when the number of mortgage products available surpassed 2,500 for the first time since May last year.
Mortgage borrowers get cheaper rates at expense of savers
In the last few months, lenders have reduced mortgage rates. However, while borrowers benefit, savers are losing out as providers cut the savings rates they are offering in order to maintain their balance sheets.
Yorkshire mortgages with free home insurance
Yorkshire Bank is offering 1 year's free buildings and contents insurance worth up to £1,000 to remortgage customers and home-movers from Monday (18th January 2010).
Clydesdale mortgages with free home insurance
Clydesdale Bank is offering 1 year's free buildings and contents insurance worth up to £1,000 to remortgage customers and home-movers from Monday (18th January 2010).
Coventry reduces mortgage rates by up to 0.54%
Coventry Building Society has cut mortgage rates by up to 0.54% across its Residential mortgage portfolio and reduced the deposit required for its very competitively priced fixed rate, base rate tracker and Flexx for Term deals.
Godiva buy to let range with competitive arrangement fees
Godiva Mortgages has launched a new range of Buy to Let mortgages, combining highly competitive rates, low fees and LTV's up to 70%.
Fixed rate mortgage popularity dips
The popularity of fixed rate mortgages dipped in the final quarter of 2009 as the threat of an increase in base rates eased, research from Paragon Mortgages has revealed.
moneysupermarket adds L&C to mortgage advice offering
moneysupermarket.com, UK comparison website, has teamed up with London & Country, the UK's leading mortgage broker, to offer expert telephone advice to customers who are looking to make a mortgage purchase.